Cupid Ltd. reported a sharp jump in its June-quarter earnings, with consolidated net profit surging nearly 200% year-on-year as stronger operating margin and a more than 2.6-fold increase in revenue boosted profitability. The company's consolidated net profit rose to Rs 44.1 crore in the quarter ended June, compared with Rs 15 crore in the corresponding period last year, according to an exchange filing on Friday. Revenue from operations surged to Rs 154.7 crore from Rs 59.8 crore, reflecting robust business momentum and strong execution during the quarter. ALSO READ: Titan Q1 Results: Profit Soars 63% To Beat Estimates; Revenue Tops Rs 21,300 Crore Operating performance improved even faster than revenue. Earnings before interest, tax, depreciation and amortisation climbed to Rs 60.1 crore, up from Rs 16.5 crore a year ago. The Ebitda margin expanded to 38.8% from 27.5%, indicating better operating leverage and an improved product mix. Cupid's June-quarter performanc...
The Manipur Police have named an armed group whose members call themselves "village defence volunteers" as responsible for the attack on the house of a senior police officer in the state capital Imphal on Tuesday night. Following the attack, the state called in central forces including the army to Imphal city, from where the Armed Forces (Special) Powers Act, or AFSPA, had been removed years ago. This law allows the security forces to conduct operations anywhere and arrest anyone without a warrant. The AFSPA is active in the hill areas due to presence of insurgents of several ethnicities along the border with troubled Myanmar. The police in a statement on Thursday said members of the Arambai Tenggol, a Meitei youth organisation whose members face allegations of looting weapons from state armouries, "carried out a targeted attack " on the house of senior police officer Moirangthem Amit Singh, who along with his team had seized two stolen cars on Tuesday. This was ...